The Gold Bond Group Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	31.77	30.85	27.91	37.84	26.45	51.43
Depreciation & Amortization	34.98	31.98	32.74	30.67	28.8	24.5
Other Amortization	0.24	0.24	0.13	-	-	-
Loss (Gain) From Sale of Assets	-0.19	-0.6	-0.42	-0.33	-0.15	-0.08
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.11
Loss (Gain) From Sale of Investments	-3.9	-1.52	-0.74	2.58	-1.83	1.47
Loss (Gain) on Equity Investments	-6.81	-11.98	-18.19	-24.12	-17.58	-50.49
Stock-Based Compensation	0.03	0.06	0.13	0.07	-	-
Other Operating Activities	1.44	3.06	-6.59	5.12	3.75	-2.05
Change in Accounts Receivable	-12.63	-4.9	14.86	-13.12	-10.48	-3.78
Change in Accounts Payable	2.47	5.63	-1.33	-2.36	3.86	-0.13
Change in Other Net Operating Assets	1.78	-2.69	0.02	-2.28	2.3	3.92
Operating Cash Flow	49.19	50.14	48.52	34.07	35.12	24.9
Operating Cash Flow Growth	11.80%	3.33%	42.40%	-3.00%	41.05%	144.22%
Capital Expenditures	-18.75	-18.61	-14.8	-19.44	-15.63	-29.68
Sale of Property, Plant & Equipment	0.62	1.56	0.53	0.64	0.75	0.16
Sale (Purchase) of Intangibles	-0.51	-0.33	-0.11	-0.36	-	-
Investment in Securities	-19.08	2.88	16.9	-0.71	-9.55	10.92
Other Investing Activities	4	6	7	6	5	14.86
Investing Cash Flow	-33.71	-8.5	9.53	-13.87	-19.42	-3.74
Long-Term Debt Issued	-	-	-	-	-	50
Long-Term Debt Repaid	-	-11.47	-24.72	-23.7	-23.08	-20.03
Net Debt Issued (Repaid)	-12.66	-11.47	-24.72	-23.7	-23.08	29.97
Repurchase of Common Stock	-	-	-	-	-	-1.04
Common Dividends Paid	-16.15	-7.73	-8.82	-6.53	-3.99	-1.61
Financing Cash Flow	-28.81	-19.2	-33.54	-30.24	-27.06	27.32
Foreign Exchange Rate Adjustments	-0.09	0	0.04	-0.15	-0.11	-0.08
Net Cash Flow	-13.42	22.44	24.55	-10.18	-11.47	48.4
Free Cash Flow	30.44	31.52	33.72	14.63	19.49	-4.78
Free Cash Flow Growth	13.96%	-6.51%	130.43%	-24.94%	-	-
Free Cash Flow Margin	12.69%	16.24%	18.25%	7.26%	11.11%	-3.44%
Free Cash Flow Per Share	7.56	7.83	8.37	3.63	4.84	-1.19
Cash Interest Paid	3.96	2.56	4.11	3.61	4.06	3.92
Cash Income Tax Paid	6.92	3.37	9.78	-0.94	-1.08	3.82
Levered Free Cash Flow	26.62	27.64	40.19	9.89	17.63	0.85
Unlevered Free Cash Flow	29.38	29.25	42.16	12.21	20.24	3.5
Change in Working Capital	-8.38	-1.96	13.56	-17.76	-4.32	0.01

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.